Affirm (NASDAQ:AFRM) Upgraded by Compass Point to Buy Rating

Compass Point upgraded shares of Affirm (NASDAQ:AFRM) from a neutral rating to a buy rating in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $64.00 price objective on the stock, up from their prior price objective of $61.00.

Several other equities research analysts also recently commented on AFRM. UBS Group upped their price target on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Royal Bank of Canada increased their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut their target price on shares of Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Affirm presently has an average rating of “Moderate Buy” and an average price target of $68.41.

Affirm Stock Up 9.2 %

Shares of NASDAQ:AFRM opened at $47.71 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The company has a market cap of $15.17 billion, a PE ratio of -73.40 and a beta of 3.63. Affirm has a 52 week low of $22.25 and a 52 week high of $82.53. The firm has a 50 day simple moving average of $61.00 and a 200 day simple moving average of $55.95.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, research analysts expect that Affirm will post -0.18 earnings per share for the current year.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now directly owns 137,325 shares in the company, valued at approximately $10,986,000. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the transaction, the director now owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,301 shares of company stock worth $3,920,543. 12.41% of the stock is owned by insiders.

Institutional Trading of Affirm

A number of hedge funds have recently bought and sold shares of AFRM. KBC Group NV boosted its holdings in Affirm by 3.6% in the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after purchasing an additional 222 shares during the period. CIBC Asset Management Inc boosted its holdings in Affirm by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after purchasing an additional 233 shares during the period. Natixis Advisors LLC bought a new stake in Affirm in the 3rd quarter valued at $759,000. Swiss National Bank boosted its holdings in Affirm by 0.9% in the 3rd quarter. Swiss National Bank now owns 463,500 shares of the company’s stock valued at $18,920,000 after purchasing an additional 4,000 shares during the period. Finally, Quest Partners LLC bought a new stake in Affirm in the 3rd quarter valued at $391,000. 69.29% of the stock is owned by institutional investors.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.